Common use of Time for Consideration; Effective Date Clause in Contracts

Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Resignation Agreement for twenty-one (21) days before signing it. To accept this Resignation Agreement, Executive must return a signed original of this Resignation Agreement so that it is received by Xxxxxxx Xxxx the Company’s Chief Executive Officer, on or before the expiration of this twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Resignation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Resignation Agreement, Executive shall retain the right to revoke this Resignation Agreement by written notice that must be received by Xx. Xxxx before the end of such revocation period. This Resignation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Resignation Agreement during the revocation period.

Appears in 1 contract

Samples: Resignation Agreement (Lucid Inc)

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Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Resignation Transition Agreement for twenty-one (21) days before signing it. To accept If Executive signs this Resignation AgreementTransition Agreement within less than twenty-one (21) days of the date of its delivery to him, Executive must return a signed original of acknowledges by signing this Resignation Transition Agreement so that it is received by Xxxxxxx Xxxx such decision was entirely voluntary and that he had the Company’s Chief Executive Officer, on or before opportunity to consider this Transition Agreement for the expiration of this entire twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Resignation Transition Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Resignation Transition Agreement, Executive shall retain the right to revoke this Resignation Transition Agreement by written notice that must be received by Xx. Xxxx Bxxxx Xxxxxxx before the end of such revocation period. This Resignation Transition Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Resignation Transition Agreement during the revocation period.

Appears in 1 contract

Samples: Transition Agreement (Albany Molecular Research Inc)

Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Resignation Agreement for twenty-one (21) days before signing it. To accept this Resignation Agreement, Executive must return a signed original of this Resignation Agreement so that it is received by Xxxxxxx Xxxx the Company’s Chief Executive OfficerChairman, Board of Directors (the “Chairman”), on or before the expiration of this twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Resignation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Resignation Agreement, Executive shall retain the right to revoke this Resignation Agreement by written notice that must be received by Xx. Xxxx the Chairman before the end of such revocation period. This Resignation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Resignation Agreement during the revocation period.

Appears in 1 contract

Samples: Resignation Agreement (Aastrom Biosciences Inc)

Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Resignation Separation Agreement for twenty-one (21) days before signing it. To accept this Resignation Separation Agreement, Executive must return a signed original of this Resignation Separation Agreement so that it is received by Xxxxxxx Xxxx the Company’s Chief Executive Officer, on or before the expiration of this twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Resignation Separation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Resignation Separation Agreement, Executive shall retain the right to revoke this Resignation Separation Agreement by written notice that must be received by Xx. Xxxx before the end of such revocation period. This Resignation Separation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Resignation Separation Agreement during the revocation period.

Appears in 1 contract

Samples: Separation Agreement (Lucid Inc)

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Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Resignation Separation Agreement for twenty-one (21) days before signing it. To accept this Resignation Separation Agreement, Executive must return a signed original of this Resignation Separation Agreement so that it is received by Xxxxxxx Mxxxxxx Xxxx the Company’s Chief Executive Officer, on or before the expiration of this twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Resignation Separation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Resignation Separation Agreement, Executive shall retain the right to revoke this Resignation Separation Agreement by written notice that must be received by XxMx. Xxxx before the end of such revocation period. This Resignation Separation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Resignation Separation Agreement during the revocation period.

Appears in 1 contract

Samples: Separation Agreement (Lucid Inc)

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